BOE Report

Imperial declares third quarter 2025 dividend

CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) today declared a quarterly dividend of 72 cents per share on the outstanding common shares of the company, payable on October 1, 2025, to shareholders of record at the close of business on September 4, 2025.   This third quarter 2025 dividend compares with the second quarter 2025 dividend of 72 cents per share. Imperial has a long and successful history of growth and financial stability in Canada [Read more]

Imperial announces second quarter 2025 financial and operating results

Quarterly net income of $949 million Cash flows from operating activities of $1,465 million and cash flows from operating activities excluding working capital1 of $1,413 million Upstream production of 427,000 gross oil-equivalent barrels per day, highest second quarter in over 30 years Kearl achieved highest-ever second quarter production of 275,000 total gross oil-equivalent barrels per day (195,000 barrels Imperial's share) Completed construction and commissioning on Canada's [Read more]

ExxonMobil Announces Second-Quarter 2025 Results

Delivered industry-leading results, earnings of $7.1 billion and cash flow from operations of $11.5 billion1 Returned industry-leading $9.2 billion to shareholders, on pace to purchase $20 billion in shares this year2 Repurchased approximately 40% of shares issued to acquire Pioneer Natural Resources since May 2024 Commenced start-up of Singapore Resid Upgrade, Fawley Hydrofiner and Strathcona Renewable Diesel projects SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil [Read more]

Chevron Reports Second Quarter 2025 Results

Reported earnings of $2.5 billion; adjusted earnings of $3.1 billion Record production; 1 million BOE per day in the Permian Basin Returned $5.5 billion cash to shareholders; 13 straight quarters of over $5 billion Completed acquisition of Hess Corporation in July HOUSTON--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) reported earnings of $2.5 billion ($1.45 per share - diluted) for second quarter 2025, compared with $4.4 billion ($2.43 per share - diluted) in second quarter 2024. [Read more]

Pembina Pipeline Enters into LPG Export Agreement with AltaGas Ltd.

CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the “Company”) (TSX: PPL; NYSE: PBA) announced today that it has entered into a new long-term agreement with AltaGas Ltd. (“AltaGas”) that provides a highly competitive export outlet further enhancing end-market diversification for Pembina and its customers. Pembina has entered into a long-term tolling agreement with AltaGas for 30,000 barrels per day (“bpd”) of liquified petroleum gases ("LPG") export capacity at [Read more]

Fluor Joint Venture Awarded Front End Engineering and Design for Proposed Second Phase of LNG Canada Facility in British Columbia

IRVING, Texas--(BUSINESS WIRE)--#EnergySolutions--Fluor Corporation (NYSE: FLR) announced today that its Joint Venture (JV) with JGC Corporation has been awarded the contract to update the Front End Engineering and Design (FEED) for a proposed Phase 2 expansion of the LNG Canada facility located on the traditional territory of Haisla Nation in Kitimat, British Columbia, Canada. Fluor recognized the undisclosed contract value in the second quarter of 2025. This award follows the commissioning [Read more]

Venture Global Announces Final Investment Decision and Financial Close for Phase 1 of CP2 LNG

$15.1 billion project financing for CP2 Phase 1 formally launches company’s 3rd project Project expected to make Venture Global the largest exporter of US LNG Unprecedented milestone of four FIDs in less than 6 years, with over $80 billion in capital markets transactions ARLINGTON, Va--(BUSINESS WIRE)--Today, Venture Global, Inc. (NYSE: VG) is announcing a final investment decision (FID) and successful closing of the $15.1 billion project financing for the first phase of the company’s [Read more]

Pembina Pipeline Reaches Settlement With Shippers On Alliance Pipeline

All financial figures are in Canadian dollars unless otherwise noted.   CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina") (TSX: PPL; NYSE: PBA) announced today that Alliance Pipeline Limited Partnership ("Alliance") has reached a negotiated settlement (the "Settlement") with shippers and interested parties (the "Shipper Committee") on the Canadian portion of the Alliance Pipeline and filed an application with the Canada Energy Regulator (the "CER") seeking [Read more]

ConocoPhillips Makes Application to Cease to Be a Reporting Issuer in Canada

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that it has applied to the Alberta Securities Commission (ASC), as principal regulator, and the Ontario Securities Commission (OSC) for a joint order (the Order Sought) to cease to be a reporting issuer in all jurisdictions of Canada in which it is a reporting issuer. If the Order Sought is granted by the ASC and the OSC, ConocoPhillips will cease to be a reporting issuer in any jurisdiction in Canada. Notwithstanding a [Read more]

ExxonMobil Responds to International Chamber of Commerce Arbitration Ruling

SPRING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) released a statement today following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana: STATEMENT: We disagree with the ICC panel’s interpretation but respect the arbitration and dispute resolution process. As we’ve said before, ExxonMobil and CNOOC are aligned that we had a duty to ensure contract [Read more]